Siebel Forecasts Lower Revenue

Updated Oct. 2, 2003 10:38 p.m. ET

Siebel Systems Inc. estimated its third-quarter revenue to be at the low end of its prior views. The San Mateo, Calif., software company put revenue for the quarter at $320 million to $322 million, lower than the $357.2 million posted a year earlier. In the company's second-quarter conference call, Chairman and Chief Executive Tom Siebel said he expected third-quarter revenue of $320 million to $340 million. The company said it expects to report license revenue of $109 million to $110 million. Siebel's July view was for third-quarter license revenue of $100 million to $120 million, compared with $126 million a year...